West Bromwich Building Society in system selection mode
EXCLUSIVE. UK-based West Bromwich Building Society is looking for new tech as part of a digital revamp, FinTech Futures understands.
The society, the UK’s seventh largest with 446,000 members, is understood to be looking for full replacement/modernisation (but most likely excluding treasury).
At present, the building society is on a customer list of a number of local vendors: Phoebus for mortgages, DPR for the digital front-end, and Newcastle Building Society Solutions for direct/online banking operations.
For its treasury operations, it uses FIS’s Ambit Treasury Management.
For core processing, it is a long-standing user of Unisys UFSS.
It is believed West Brom is looking at a number of vendors and systems for its tech overhaul, including Infosys, TCS Financial Solutions, Temenos and Finastra, as well as the incumbents – Unisys and DPR. FinTech Futures contacted the West Brom, Unisys and DPR for comment, but none of them have replied at the time of writing.
Most building societies in the UK have old technology in place.
In a recent deal, and as reported in June, Coventry Building Society selected Temenos for digital revamp. That was Temenos’ first building society deal in the UK. Coventry Building Society, like the West Brom, is located in the West Midlands in England.